In response to information supplied by Onchain Lens, a complete of $5.84 million USDC was deposited into HyperLiquid, a decentralized derivatives alternate, earlier right this moment.
The deposit was used so as to open an extended place on the Ripple-linked cryptocurrency with 2x leverage.
Notably, the identical dealer beforehand went lengthy on Ethereum (ETH) with 2x leverage, securing a floating revenue of $10 million. The main altcoin is up by almost 40% over the previous week.
In response to CoinGecko information, XRP is altering palms at $2.39, dropping by 0.8% over the previous 24 hours.
The cryptocurrency market is at present in a wait-and-see mode amid commerce negotiations between the US and China.